Well said. A CEO's basic job is to deal with customers, employees, shareholders, and the Board of Directors. He also has secondary responsibilities that he needs to make time for, but let's keep this simple for now.
Shareholders are part of the mix, especially for a company that might require external financing today or in the near future. In fact, if this is the case, what segment of the mix is more important for a near start-up former pink sheet company? A dead stock price means no more outside capital. The company has to live and die on its available funds and those it can generate internally. Show me a company with plans to grow from $25 million in sales annually to $100 million annually in 3-5 years without external capital and you've found a one in a thousand company. As a rule, they don't exist. Start-ups require externally generated capital to grow. No capital, slow or no growth.
So quite contrary to Bears's statement, CKYS is going no where without the ability to raise more capital by selling stock. It can't acquire anyone either with a dismal stock price. Its equity is dead money. Clearly, getting to the AF's is step one in getting this company back on track. But depending upon what those AF's say, JP may have a huge task ahead in re-establishing personal credibility. If the AF's essentially match the previously reported numbers, then maybe the credibility task is not a big deal.
I'm guessing that LiquidCool will be back on his horse again Monday AM to find out what's going on with the audit. And if he confirms what he believes to be true, then all bets are off. Bear's statement becomes true by default because there is no hope of any external financing for the next several quarters. So shareholders don't matter because stock price doesn't matter. In that case, we move along in the dark until the legal process forces some light into the room. Someone holding many million shares is not likely to accept another indeterminate audit wait quietly.
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